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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Parker Benchley who wrote (8919)	9/29/1998 11:52:00 PM
From: James Harold Alton	Read Replies (1) \| Respond to of 19331

George, I am sure that Joe will answer your question, but since he has not as of yet I will see if I can shed some of your questions, I am reposting part of your note here for reference: I tend to agree. I clearly don't understand why rational people are selling (to this degree) in the light of all these acquisitions and increase in DCI's value. I can understand if there is an emergency/immediate amount of cash to be raised (ala Zwebner) but not this protracted liquidation at prices under $1.00. I just don't get it if we're a 400 million dollar company on the verge of a $10 per share sale. 1. With regards to DCI's value, if you will think back a couple months, when I asked Charles on this BB whether he thought the value per share of DCI had increased over the past year and he indicated that because of the increase in the number of shares, he felt DCI was worth about the same per share now, as it was last year. I responded with a post showing the rapid growth of REVENUES PER SHARE over that period, which is my own yard stick in evaluating DCI's progress, but obviously there is a difference of opinion between us and the CC shareholders as to DCI's valuation. 2. With regards to why the sell off has been extended: a. If shares had been dumped more quickly, the price would have been driven lower, netting the sellers a lower return. b. The release of options was laddered out in the contract to try and prevent very large amounts of stock coming to market at once. c. There was a huge number of shares involved. The total CC deal was about 8.1 million shares. I am not saying that CC shareholders are our only sellers, (could be some frustrated DCI shareholders throwing in the towel, though I do not know of any besides Brett F. who announced on the BB he was bailing) though there are not any shares being sold related to any convertible preferred and I can tell you that the company is not printing shares and never has. Our total outstanding number of shares has been practically stagnant over the past month, we are not even up to the 21.5 million number that has been commonly used to round up to for about a month now. (Our current total for those interested is 21,369,030 as of 9/24/98) I am also going to risk sticking my foot in my mouth and suggest that sometime during the month of Oct. that we are going to see a decent recovery in our stock..we shall see if I am right or not. James

To: Parker Benchley who wrote (8919)	9/30/1998 5:33:00 AM
From: Ed Pettee	Read Replies (1) \| Respond to of 19331

George, Your comment is right on. It is hard to understand the vast difference in the rationale that the sellers are using versus our recent 9/23 press release. Shouldn't we have an Investor Relations group spreading the word of the significant undervaluation of these shares. A recommendation from a a couple of news letters or analysts would go a long way in making stock holders feel that the undervaluation is shared by some one independent and outside of the company. Has any one heard the status of the AMEX filing, I thought this was in the works right after the Annual meeting. I know we are in a QP, but has anyone heard any more specifics on Mr. Hintz's statement of 9/23 "That the Revenue growth has forced us to rethink certain strategies that we had earlier in the year." This is a significant statement since it signals a change in only three months since the Stock Holders meeting of June. I expected more info in the News Letter, but that was canceled because of the QP. I am assuming that the end of the QP will bring answers as to the new strategic direction as well as whatever deals are being consummated during the QP. I noticed the Chairman of Intel in a recent interview mentioned that they were in a QP when a specific question was asked about a specific deal, but he was ready to answer other questions not relating to the specific deal. I am trying to endure with composure, waiting for info "sooner rather than later, more rather than less ".

To: Parker Benchley who wrote (8919)	9/30/1998 9:31:00 AM
From: JOE MEDSKER	Read Replies (5) \| Respond to of 19331

GWB, >>I guess my concern is that if all these releases say to an intuitive investor that the stock is grossly undervalued, why would these CardCall people sell at under a buck? Something tells me there are other forces at work here.<<< I have posted on numerous occasions that both Michael and Charles Zwebner have started their own companies. In most cases, start up companies require an infusion of capital to run the company until revenues start coming in. The DCI web site indicates that the name of Charles's company is Teledebit Corp. and Michaels new company is Vidiocall which is a public company. In looking over the information on Vidocall I found they were raising money by selling shares at $1.00 per share. About half of the share holders of Videocall were major shareholders of CardCAll. My supposition is simply that these share holders sold and are selling their DCI shares to invest in Vidiocall. The following information which came from a private offering memorandum dated 7/28/98 (this is a public document) IMO supports my beliefs. The following list of people were major share holders in CardCall and the number after their names represents the number of shares they hold in VideoCall Michael J. Zwebner 2,000,000 Charles Zwebner 400,000 Michael Hilsenrath 100,000 Overseas Communications LTD 2,000,000 Whytburg SA 3,000,000 There are other investors is Videocall that may have also sold shares of DCI I just listed the obvious ones. The above number of shares represent a lot of money and in a nut shell I believe they sold DCI to acquire their shares. But, this does not necessarily mean there is any wrong with DCI. I have also stated on many occasions the above people IMO are entrepreneurs and have no desire to have their futures determined by the board of directors of DCI. They all made a lot of money when they sold CardCall to DCI and they more than likely will end up selling Videocall in the same manner. Best Regards